Adobe Theater Inc
- Assets
- $451.6k
- Revenue
- $166.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Albuquerque, NM
- Founding
- 11/1992
- Data as of
- 12/2022
- EIN
- 85-0404054
Organization Overview
Adobe Theater Inc is located in Albuquerque, NM. The organization was established in 1992. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Adobe Theater Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adobe Theater Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Adobe Theater Inc generated $166.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $180.1k during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESENT THE FINEST, DIVERSE PLAYS AND MUSICALS TO THE GREATER ALBUQUERQUE AND RIO RANCHO METROPOLITAN COMMUNITIES; TO PROVIDE EDUCATIONAL GUIDANCE; TO ENCOURAGE THE DEVELOPMENT OF NEW THEATRICAL WORKS; TO FURNISH AN OPPORTUNITY FOR THEATER ENTHUSIASTS OF ALL AGES WITH ANY DEGREE OF EXPERIENCE TO GROW IN THEIR ABILITY ON STAGE AND BEHIND THE SCENES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THEATER WAS ABLE TO OPERATE THE MAJORITY OF 2022. THE THEATER PUT ON EIGHT LIVE SHOWS BUT HAD TO PUSH THE SEASON BACK TWO MONTHS DUE TO COVID OUTBREAK IN THE CAST. INSTEAD OF STARTING IN JANUARY THE ORGANIZATION STARTED IN MARCH. FROM MARCH 18 - APRIL 10 THE THEATER PRODUCED HONKY TONK HISSY FIT, THEN FROM APRIL 29 TO MAY 22 IT PRODUCED DRIVING MISS DAISY. FROM JUNE 10 TO JULY 3 THE THEATER PRODUCED UNNECESSARY FARCE, THEN FROM JULY 21 TO AUGUST 4 SWEET DELILAH SWIM CLUB WAS PRODUCED. SEPTEMBER 2 TO 25 THE THEATER PRODUCED WOMEN OF LOCKERBIE THEN OCTOBER 14 TO NOVEMBER 6 IT PRODUCED THE MOUSETRAP. THE THEATER ROUNDED OUT THE SEASON WITH A MUSICAL, THE DROWSY CHAPERONE. THE THEATER CONTINUED TO LIMIT THE NUMBER OF SEATS AVAILABLE BUT INCREASED FROM LAST YEAR; DURING 2022 THERE WERE 84 SEATS AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Sellin President | OfficerTrustee | 20 | $0 |
Georgia Athearn Vice President | OfficerTrustee | 20 | $650 |
Dan Ware Secretary | OfficerTrustee | 10 | $0 |
Barbara Boyd Treasurer | OfficerTrustee | 20 | $0 |
Daniel Anaya Facilities Chair | Trustee | 10 | $0 |
Mary Macgyver Fundraising Chair | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,489 |
| Total Program Service Revenue | $90,178 |
| Investment income | $32 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,181 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $166,880 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $650 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,374 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $405 |
| Payroll taxes | $2,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,828 |
| Office expenses | $11,442 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,807 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $851 |
| All other expenses | $0 |
| Total functional expenses | $180,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,519 |
| Savings and temporary cash investments | $166,439 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $64,888 |
| Investments—publicly traded securities | $200,761 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $451,607 |
| Accounts payable and accrued expenses | $3,017 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $276,500 |
| Other liabilities | $0 |
| Total liabilities | $279,517 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $172,090 |
| Total liabilities and net assets/fund balances | $451,607 |